You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Boston’s Fed chief says latest stimulus efforts helping economy

The Federal Reserve’s efforts to stimulate the US economy by buying billions of dollars of long-term bonds appears to be working, helping to boost home sales, construction, and consumer spending and confidence, said Eric S. Rosengren, president of the Federal Reserve Bank of Boston.

Rosengren, speaking at Babson College in Wellesley Thursday, said the Fed’s actions are producing the expected result: lowering rates on long-term loans such as mortgages, which in turn can encourage consumers and businesses to borrow and spend.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week